TRX Gains 1.25% After Rebounding Off Heavily Traded Support Region

Amid ongoing global economic tensions and volatile crypto conditions, TRX has carved out a firm trading range between $0.269 and $0.273, demonstrating notable resilience bolstered by heavy institutional interest, according to CoinDesk Research’s technical analysis.

While broader markets remain unsettled due to international trade disputes, TRX’s steady price action and high-volume support reflect confidence in blockchain projects that combine utility with strong transaction throughput.

Key Technical Insights:

• TRX experienced a 1.25% price range during the past 24 hours, with consistent buying at key support levels reinforcing market stability.
• A surge in volume, surpassing 120 million tokens during the 09:00–11:00 UTC window, fueled a price jump from $0.270 to $0.273, confirming a solid support zone.
• Momentum extended into the 23:00 UTC hour, with above-average volume indicating continued accumulation near the $0.272 resistance level.
• A short-term dip at 01:24 UTC saw TRX fall from $0.2728 to $0.2721 amid high volume (2.58 million tokens), likely a minor sell-off.
• Buyers quickly stepped back in between $0.2719 and $0.2720, driving prices back to $0.2724 on a volume surge of 2.76 million tokens.

As macro uncertainties persist, TRX’s ability to hold firm amid market swings suggests a growing institutional appetite for assets tied to practical blockchain ecosystems, marking it as a token to watch for steady accumulation and potential future growth.